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Business Latest: Good week for Dems

Democrats can breathe a sigh of relief following the May jobs report, which showed a gain of 217,000 jobs and no change to the 6.3 percent unemployment rate.
Job seekers fill out applications before the start of the HireLive career fair on June 4, 2014 in San Francisco, California.
Job seekers fill out applications before the start of the HireLive career fair on June 4, 2014 in San Francisco, California.

GOOD WEEK FOR DEMS: Democrats can breathe a sigh of relief following the May jobs report, which showed a gain of 217,000 jobs and no change to the 6.3% unemployment rate. The report was hardly a blockbuster, coming in well below April month's 288,000. But it helps confirm that the disastrous first quarter contraction of 1 percent in gross domestic product was likely an anomaly caused by the brutal winter and inventory reductions. Read more

WHAT HOUSING MISSED IN THE JOBS REPORT: The one constituency housing needs most is the one struggling the hardest in the jobs market. Employment among those aged 25-34 fell in May to 75.3%; this compares to pre-recession rates of 78-80% employment. Read more

WHERE THE JOBS ARE - THE NUCLEAR OPTION:  In the latest installment of CNBC’s “Where the Jobs Are,” we travel to Jenkinsville, South Carolina, where the utility SCE&G is building two new nuclear reactors. The first is scheduled to go online in 2017, the second a year later.  Ahead of their launch dates,  SCE&G is seeking to hire 800 workers that will operate the two facilities. Read more

STRONG DOW; S&P GAINS END OF WEEK AT RECORDS: Read more